When an Agent, Acting Within the Scope of His or Her

question 26

True/False

When an agent, acting within the scope of his or her authority, contracts with a third party, a disclosed principal is liable to the third party.

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Definitions:

Roman Catholic Natural Law Ethics

An ethical theory based on the belief that the moral law is discoverable by every person through the use of reason and is grounded in human nature and purpose, as taught within Roman Catholic theology.

Utilitarianism

A moral theory that emphasizes the best action is the one that maximizes utility, generally defined as that which produces the greatest well-being of the greatest number of people.

Kantian Ethics

A deontological ethical theory developed by Immanuel Kant, focusing on the principle that actions are morally right if they are done out of duty and adhere to a universal moral law.

Rawls's Ethics

A theory of justice proposed by philosopher John Rawls, focusing on fairness, equality, and moral decision-making under a veil of ignorance.